US mortgage losses could hit $300bn, says OECD (Gulf Times)
Story date: 2007-11-21 08:39:20
Added on: 2007-11-21 21:00:18
LONDON: Overall losses caused by the US mortgage market crisis could feasibly hit $300bn, and the broader credit crunch could yet inflict greater damage on equity markets, the OECD said yesterday.
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